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Soledad Corporation had $36,000 of raw materials on hand on December 1. During the month, the Corporation purchased an additional $71,000 of raw materials. The

Soledad Corporation had $36,000 of raw materials on hand on December 1. During the month, the Corporation purchased an additional $71,000 of raw materials. The journal entry to record the purchase of raw materials would include a: Multiple Choice credit to Raw Materials of $71,000 debit to Raw Materials of $71,000 credit to Raw Materials of $107,000 debit to Raw Materials of $107,000

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